CII, World Economic Forum sign pact to collaborate on infrastructure investments

The Confederation of Indian Industry (CII) on Sunday said it has signed an initial agreement with the World Economic Forum to collaborate for partnerships in various spheres including infrastructure investments and human capital.

"CII and World Economic Forum today signed an MoU (memorandum of understanding) to collaborate in delivering a strong engagement across all multi stakeholder groups in India," the industry body said in a statement.

The MoU was signed by World Economic Forum founder and executive chairman Klaus Schwab and CII President Kris Gopalakrishnan in the presence of Commerce and Industry Minister Anand Sharma.

"The reform process in India is in full swing and the government has taken several measures which are yielding positive results specially in the areas of recovery of rupee and stock market," Mr Sharma said.

He invited WEF to organise an integrated South Asia Economic Summit in Delhi, the same way as WEF organises the India Economic Summit.

WEF and CII will identify areas for further projects and collaboration related to the most pressing issues that India is facing in areas such as infrastructure investments, skill gaps and human capital and inclusive growth, Mr Sharma said.